BRIEF-Baiyin Nonferrous' unit to invest in South Africa's Sibanye Gold for up to $200 mln
* Says its unit Gold One Group Limited plans to invest up to $200 million to South Africa's Sibanye Gold Limited
Oct 17 Beauty products maker Coty Inc said it would buy ghd, a high-end hairstyling appliances brand, from private equity firm Lion Capital LLP for about 420 million pounds ($522 million).
Coty, which owns hair color brands such as Wella and Clairol, became the global No. 2 in hair color and styling products through its $12.5 billion acquisition of Procter & Gamble's perfume, hair care and make-up businesses in October.
London-based ghd, whose name stands for "good hair day," generated 178 million pounds in revenue in fiscal year 2016.
The business will become part of Coty's Professional Beauty unit, which services salon owners and professionals in hair and nail care, and will be a standalone business led by its current Chief Executive Anthony Davey and team, Coty said on Monday.
The all-cash deal, scheduled to close by the end of 2016, is expected to immediately add to Coty's earnings, the company said.
Sky News first reported the deal.
Coty said last year it would shift its executive team to London, as part of its transformation into a global beauty products maker.
Lion Capital and ghd are being advised by Rothschild & Co and Proskauer Rose LLP. Skadden Arps Slate Meagher & Flom LLP is the legal adviser to Coty. ($1 = 0.8042 pounds) (Reporting by Sruthi Ramakrishnan in Bengaluru; Editing by Sriraj Kalluvila)
WASHINGTON, April 24 The United States will impose preliminary anti-subsidy duties averaging 20 percent on imports of Canadian softwood lumber, Commerce Secretary Wilbur Ross said on Monday, escalating a long-running trade dispute between the two neighbors.
April 25 Gold held steady on Tuesday after a sharp fall in the previous session on a market-friendly French presidential vote, although tensions over North Korea offered support for safe-haven bullion. FUNDAMENTALS * Spot gold was unchanged at $1,275 per ounce by 0115 GMT. Bullion prices fell about 0.7 percent in the previous session after touching $1,265.90, the lowest since April 11. * U.S. gold futures were down 0.1 percent at $1,276.60 an ounce